CDSL is at Strong supportCDSL is at strong support... rallied after touching 450... I was waiting to enter and suddenly in 30 mins it went to 482...
Someone invests at the end of session then tomorrow it might open gap up... lets see tomorrow if it gives any chance to us...
SL is 460 enter tomorrow in the beginning of the session... seems like it is ready to give breakout in 2 or 3 days
CDSL trade ideas
CDSL - Breaking out. Again? EMA was away from 21 EMA.
But pull back happened.
Took support at 21 EMA
Now currently back above 9EMa and box too.
Do getting ready fo1 50 plus move
RSI, Stochastic and volume are looning good.
Most important :
Need to close today (28/09/2020) above box with a small wick on top in comparison to body of candle.
CENTRAL DEPOSITORY 30MNBEARISH Crab@1.618XA
Earlier this same crab given good reaction on Type1 entry at 1.618XA & Hit TARGETS
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR. Low volume shows no interest to the downside from Smart Money so prices will not go lower..
Crab may also go to 1.902A Before giving REACTION & Reversal .If price Breaks Red Trend line is where EXIT before SL hits
price need to follow Green Trend line & hit target
POTENTIAL SELL
CDSL at accumlation phase(275-250 best buy)As seen volume data there is fresh long made by smart investors. On wider range charts look very strong, but in the near term, there is a divergence in RSI which suggests price would come down to 275-250 zone .
Buy on the decline with target 305/348(for short term 3-6 months) with CBSL 238 . On the longer run, we can see 380/425++
CDSL- Premature bottom or a Bull trap?The price action has entered into the phace C of wyckoff schematics, where in the present lower test of supply will be important ..
in the phase B we noted the constant resistance by the 20day sMA, raising the suspicion that , the owner ship of the stock is not in the strong hands... now if this current dip is an engineered shakeout, then what happens after this will be important, we have noted that the price action ended today byond the out SD of the bollinger band, coupled with bullish divergence isn all the oscillators, specially in the weekly chart
So a pull back ij to the trading range is likely, the character of the pull back will be important to note, if there is a bug bullish bar on vol that is noted, then new Composite group buying will seem to have started, and there must be a change of character on the price action...
On the otherhand, if the rally vack to the trading ranhe is weak, on volatile price action and weaker volumes than the drop, then this will look like a show of weakness, that will confirm the phase b constant lack of SOS beyond the 20dMA..
Over all interesting, to track...
previous realted ideas...https://www.tradingview.com/chart/CDSL/3NI07Qzw-Learning-wyckoff-s-methods-A-re-look-at-the-Mammoth-CDSL/
Will update the findings as i go along in this thread, to the point of my entry , which i will definitely do, at some point when i think it to be appropriate...
Disclaimer... not in position waiting for the action to floor ... tracking the fundamentals mean while
NOT an investing/trading recommendation